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Christophe Schalck
''EMU's Fiscal Rules and Economic Stabilization''
( 2006, Vol. 5 No.4 )
This paper proposes a quantitative comparison of EMU's different fiscal rules, i.e., the stability and growth Pact, the structural deficit rule and the golden rule. From comparing the economic stabilizing effects of each rule, it concludes that the Pact is not the perfect solution.
JEL: E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General
Manuscript Received : Oct 25 2005 Manuscript Accepted : Feb 21 2006

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